Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

World crude steel production stood at 158.3mn mt in November, rising 6.6pc above the same month last year, according to data from the World Steel Association (worldsteel). 



In November, crude steel production rose by 8pc in China to 87.7mn mt against November 2019. India’s output rose by 3.5pc to 9.2mn mt in the same period, while Japanese production stood at 7.3mn mt, falling 5.9pc. Crude steel output in South Korea also fell by 2.4pc to 5.8mn mt during the same comparative period. 


European Union 

Germany produced 3.4mn mt of crude steel in November, up 14.8pc from the same month last year, while output in Italy and France rose by 3.2pc and 3.7pc to 2mn mt and 1.1mn mt, respectively, during the same period. 


Turkey/ CIS 

Turkish crude steel production for November stood at 3.2mn mt, growing 116pc over November 2019. The CIS region’s output was 8.2mn mt, up 7pc in the same period under comparison. Ukraine saw the largest increase in terms of volumes in the region, up 31pc to 1.7mn mt in November compared with the prior year.


North America

The US produced 6.1mn mt of raw steel last month, down 13.7pc over the same month last year.


Latin America   

Brazil’s crude steel production rose by 11.2pc to 2.9mn mt in November from a year ago while Mexican output increased by 1.7pc to 1.45mn mt in the same period. Argentina’s production climbed by 9.3pc to 391,000mt while Colombia produced 95,000mt in November, up by 10.8pc over November 2019. 


Chile’s crude steel output, on the other hand, fell by 11.2pc to 100,000mt in November from the same prior-year period while Peru’s volumes declined by 31.8pc to 70,000mt over the same time frame.

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